CFTC Chairman Says US Will Never Issue a CBDC
JH Kim
Summary
- Mike Selig, chairman of the US Commodity Futures Trading Commission, ruled out the possibility of the United States issuing a CBDC.
- He said the US would never issue a CBDC and that a CBDC could become a tool to monitor and censor the economic activity of ordinary Americans.
- Selig stressed that the United States would never issue a CBDC under the CFTC's oversight.
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Mike Selig, chairman of the US Commodity Futures Trading Commission, ruled out the possibility of the United States issuing a central bank digital currency, or CBDC.
In an interview cited by Binance News on July 8, Selig said the US would "never issue a CBDC." He added that President Donald Trump's digital asset working group understands that a CBDC could become a tool to monitor and censor the economic activity of ordinary Americans.
He also stressed that the US would never issue a CBDC under the CFTC's oversight.
JH Kim
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